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tv   MONEY With Melissa Francis  FOX Business  November 15, 2012 5:00pm-6:00pm EST

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you. david: alan simpson, erskin bowles, good guys. anytime they want to come on, not so to miss sullivan. she can't come on. liz:. liz: melissa francis is next. she is always welcome. melissa: i'm melissa francis here is what is "money" tonight. president obama descends on new york just as fema is running out of money. the agency says it will return about through all the its cash by the end of november. are we looking at another major taxpayer bailout? plus the president has banned oil drilling off the atlantic coast but virginia says, no way. the state has a plan to sidestep the ban and tap huge reserves. i will speak to the virginia official leading the charge. a group of millionaires sits down with top white house officials begging for their taxes to go up. one of them is here to explain it to me. even when they say it is not, it is always about money.
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melissa: first let's take a look at the day's market headlines. stocks recover from session lows but mixed economic data and fiscal cliff weigh the dow down for the sixth time in seven sessions wal-mart disappointed with third quarter earnings. target shares rose 2% after forecasting a bright outlook for the holiday season. now to our top story. a possible bailout for fema. yes the federal emergency management agency says, it only has $850 million left in the bank and in cash, that's it. they expect to burn through that by the end of this month. meanwhile, flood related claims are stacking up. we're looking at losses of 6 to $12 billion. this all coming as president obama visits damage here in new york to see the recovery efforts. with me now is david williams, president of the taxpayers protection alliance.
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david, thanks so much for coming on the show. what do you make of all this? what happens if fema runs out of money? >> well, if fema runs out of money, don't worry, people will be helped. what is going to happen. congress is going to step in. they will make sure fema gets the money. what happens after that what we really don't know, how does fema pay the money back to the federal government. really it is only borrowing the money. that's what they did in katrina. they borrowed up to $20 billion. they blew through 18 billion in katrina. they have 3 billion left and 2.9 billion left. that will go through so quickly in new york and new jersey we're running up to a he had did line here. melissa: when i hear them say they will run out of money does it make a difference? it is your money, my money our audience's money. it is taxpayer dollars. what difference does it make whether it comes from congress or fema? it must matter.
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>> it almost what fema is doing, microcosm what the federal government does. it prints it and goes into more deficit spending. that is what fema is doing. they don't have the money. they will not be able to pay back 18 billion they already owe. it is kind of fungible. it is all really the system but congress needs to address this. we can't keep on doing this. we can't keep on bailing out fema and saying everything will be fine. we'll plug a hole here or there. melissa: we don't want to leave people who need help. >> no. melissa: are they out of money because there are so many people in disasterous situations that need help? or are they out of money because they're really bad at managing it? >> there are two reasons and you mentioned them both here. the first here people built houses on flood-prone areas on beaches next to rivers. and they only pay a couple hundred dollars a year for flood insurance. the taxpayer bails them out literally and figuratively out of these floods because they pay, let's say $300 a
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year. but they get bailed out to the tune of tens of thousands of dollars by the federal government when a disaster strikes. you kind of sound like ogre and you talk about fema. we have to look how we're going to do this. no, we're taxpayers. we should look at this and have a critical eye on this. melissa: makes sense. when you have an area, you don't want to not help people that are in trouble of course but at the same time, does it make sense to encourage people to go back and rebuild homes in places that have been storm ravaged, earthquake averaged in the past? maybe you want to compensate people hurting right now but you don't want to insure future property on this land, right? >> well, we know where the flood zones are. so this is not a big mystery. we know that beaches, that rivers, these are flood-prone areas and to rebuild but also, if you're going to rebuild, you can't pay $300 a year in flood insurance. you have to pay thousands of dollars because this is what the real cost is. so there has to be some sort
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of market force here to say that really? $300 for flood insurance along the beach? there has to be more common sense in the government. melissa: is that reasonable? if we went back and said the taxpayers we're not going to insure you to go back and build on hills of malibu where you could crash down, to the beach or, to build on fault lines in california or to build near flood areas or in hurricane areas in florida? we're not going to insure you but you can build there if you want and be uninsured or get very expensive private insurance? is that realistic and i said that before people say that will never happen. there is no market for that or that's not fair? what do you think? >> it has to be realistic because we have to do this. i will guaranty you if which do that, people will think twice, they go, wait a second. i'm not going to get this big federal handout anymore. maybe i'm not going to build on the beach or near a river. so i think that people will think twice, it is not going to stop. will not stop rebuilding. it will not stop stupid decisions but i do think people will think twice
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about it. that is probably the first step here. melissa: we're not talking about the people who are devastated, who lost everything right now. we're talking about what is the smartest plan going forward. so that we avoid this kind of destruction and taxpayer costs in the future. thanks so much for coming on. interesting discussion. >> thank you. melissa: and the devastation that we're talking about just continues to unfold in the wake of the storm. our very own liz macdonald joins me from queens with the untold story. this is the irreplaceable cost of the hurricane. lists? >> yeah, that's right, melissa. this is usually a beach area. this is jacob riis park, sits east of breezy.and west of the rockaways. what we're looking at, melissa, is a growing landfill. this is heartbreaking and shocking sight. we're talking about debris from 11 towns devastated by hurricane sandy. it is not just neighborhoods but entire business districts is ending up in the temporary landfill that grew up out of nowhere.
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grew up suddenly last 3 1/2 years. it is a mile long. it is about the weight of the u.s. space station and bigger than the weight of the empire state building. what we're looking at, melissa, around the clock. 1800 garbage trucks have been moving in and out bringing in debris. they have been going full tilt, 24-7 even before the hurricane hit. what we're looking at, using sand on the beach blocks, that ended up from, you know the flooding and they're using it as what are called berms to stop any hazardous waste from oozing into the environment in the area. that is the sand walls you're looking at right here. they just switched on the lights. we're looking at dump trucks and 18-wheelers coming in, melissa bringing in this debris. the president did do a flyover when we were here at 11:30 this morning. he did give a shoutout to the sanitation workers, melissa because they're the first-responders that
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basically removed the debris. the new york parks department gratefully to the area opened this up. if they didn't build this landfill hill, the rebuild would have even been slower, melissa. right in the area, it is heartbreaking. photo albums, toys, bicycles, children's car seats. i picked up photos just around my area. it is a heartbreaking sight for people affect bid this. the story gone unnoticed. the reason why the fires were very bad in breezy point and rockaways, melissa, is because the degree was in the way. sanitation workers got in they helped to stop that problem. i will give it back to you. we'll go live throughout the early evening with updates what is going on here. it is a heck of an operation. it won't end until the rebuild begins. and by the way, melissa. three stories we're looking at of debris right now. it will get bigger as the power gets switched back on and they could even do more
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debris melissa. giving it back to you, melissa. melissa: so much work to do and those pictures in your hand heartbreaking melissa. thank you for the report. we know superstorm sandy will cost billions of dollars weeks after the storm. local governments are fighting for federal money to help out by the money might be running dry. we have the leader of one of these communities a new york city councilman from coney island. thanks for joining us on the phone. we were just reporting on and hearing about the fact that fema is running out of money. what does that mean to you? >> well, if is a big problem here on coney island and seagate and brighton beach. homes have been washed away. people have been displaced. they lost their whole life. fema will have to decide what they have to do. congress will have to come together with the senate and allocate more money. in new york city i'm also the finance chairman of the new york city council and just this week we allocated
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$500 million, 300 million for health an hospitals corporation and 200 million for schools construction authority so we can rebuild our schools and the hospitals that have been displaced. bellview and cone any island. melissa: do you think it makes sense to rebuild in the same spot? that was sort of the theme of the segment that we did before you? we're talking about the fact that federal tax dollars will have to come in and you know, replace what has been devastated there you about in the future do you think that same kind of insurance, federal insurance that encourages people to build in these spots makes sense? >> well, many of these buildings we have no choice but to rebuild because they're already there. what we have to do is we have to build smarter, wiser, and we can't, we have to watch out how high we build on the water. we may want to use steel walls instead of cop create walls. and we have to really maybe, build sand dunes so we can protect our citizens of new york city from this ever
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happening again. melissa: how devastating is this to your community? we're looking at the pictures and it's staggering. we're trying to talk about making sound financial decisions at the same time we're looking at homes that are absolutely destroyed? >> people are all over still without heat. boilers had to be brought in. electricity just got turned on. we served, yesterday we served 10,000 between lunch and dinner, we served 10,000 meals out of mcu park. today we served about another 5000 meals at mcu park. people are still coming because there are no supermarkets open. people have nowhere to get cleaning detergent, clorox bleach and sponges. they have nowhere to go. so we're, government is supplying everything. i have to say something the new yorkers come together, fresh direct, fairway, and many other supermarkets have donated so much. william reed, walgreens,
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have been so charitable. melissa: the cleanup is so overwhelming. councilman, thanks for coming on. >> thank you, melissa. melissa: coming up on "money", virginia unfazed by an offshore drilling ban. one state official has a plan to sidestep president obama. he's here to explain. plus millionaires are the latest group to be hosted by the white house to talk about the fiscal cliff. they're just very parties there day after day. these people actually want lawmakers though to hike their taxes. one of them is here to join me and explain that. more "money" coming up next. i always wait until the last minute.
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melissa: so the days are flying by, still have you noticed there is no solution in sight for the fiscal cliff. i'm getting really nervous here. a big sticking point is what tax rate high income earners ought to pay, the group, patriotic millionaires, i have questions about that name by the way, say raising taxes won't slow down business growth. in fact they went to the white house and asked for their taxes to go up. david watson, former software engineer at google. he is one of those offering to pay more. david, that you so much for coming on the show. why do you want to pay more taxes?
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>> well, i don't want to pay more taxes. i don't --. melissa: thank goodness. >> i'm part of a group called the patriotic millionaires. we are all willing to pay more taxes. so it's clear that, all of us, the whole country, are in the position where we have, you know, all of us, individuals, you know, the working people, wealthy people, corporations, all of us together have to pay for all the spending that we've done over the last 12 years. melissa: why? why don't we cut spending? why don't we start with senator coburn put out something today, talking about wasteful spending, 67.9 billion that can be saved by cutting non-defense, defense spending. smartphone app to alert users when to take a coffee break. these are things we're spending money on. put out report, big, big cuts we can make. why not do that first. >> sure. we have, we have to do, we have to do cuts and pay for it right? so all of it, we have to pay
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for all the spending we've done for the last 12 years and we're kind of all in this together, right? it has got to be paid for. i don't think that, you know, i've been, i spent the last two days talking to both sides of the senate. i spent, talking to representatives in the house, to the white house. no one has a magic bullet to this. we need to do, the most important thing we need to do in paying for this right now make sure we don't push ourselves back into recession. melissa: right. i agree with you completely. so how do we do that. >> yeah. so, we, so our group of patriotic millionaires we understand that our tax rates are low. they're historically low and much lower than the middle class. we're willing to, to take some pain on this and help, and help pay for part of this. melissa: do you think, i mean you've been -- i hear what you're saying, you've been talking to both sides.
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do you think, so you're willing to put more money on the table and pay higher taxes. do you think the other side is really willing to make some serious, deep cuts? you have been talking to both sides of the aisle in washington last couple days. what have you heard from democrats? what have they said to you that they're willing to put on the table? >> yeah. so i've been talking to democrats and republicans. i'm actually, myself i'm an independent. i'm from california. i been talking to both sides and both sides are kind of in the same place. both sides say that, both side recognize when you really get into it that we need to raise revenue and we need to have cuts. we need to, on the spending side. that is widely acknowledged on both sides. i think both sides come from a little dirty. one said we need cuts but we haves to accept some, some tax raises. the other side says we need, we need more revenue but we're willing to accept some cuts so --.
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melissa: that's not what it sound like from the outside. from here in new york and everywhere else in the country we hear a very hard-line from both sides. i mean you hear the president get up and says we've got a mandate. i heard from voters and they want the wealthy to pay more. and both side seem to be just willing to die on this mountain but you're saying something totally different. you say you talked to them in private and there is a compromise in sight which is encouraging to the rest of us, i feel like "thelma & louise". we're going flying off this cliff at full speed with no one making a sane decision. >> i mean i don't think the two things you said are incompatable actually. melissa: oh. >> yeah the, it's, i think both sides are recognizing that the tax rates need to be raised on millionaires. we, you know, and i think what the president is saying
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is that we what we need to do is, make sure that he don't raise tax rates. that we continue, extend the tax cuts for the middle class, everyone below $250,000. melissa: david, thank you so much for coming on. we appreciate your point of view. >> okay. bye. melissa: still, still really worried, right. aren't you? here's the question of the day, will more wealthy americans follow the lead of the millionaires meeting at the white house to support stacks hikes? we want to hear what you think. facebook.com/melissafrancisfox or follow me on twitter @melissaafrancis. coming up israel's battle with hamas is ex-can lating. what could this all mean for energy supplies in the middle east? we've got the latest. this is getting even scarier. do you ever have too much money? [ male announcer ] you are a business pro.
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melissa: there is oil and gas off the coast of virginia. the state is willing to bypass the president to get at it. virginia wants to restore a lease sale for energy exploration that was canceled after the 2010 bp gulf spill. the white house says approval won't come for another five years. now there is legislation in congress to go around the president and open up virginia's waters to drilling anyway. who will win this one? i'm not sure. with me is virginia secretary of natural resources doug dominic. he has been leading the fight to open up the federal waters off virginia for drilling. thanks for coming on the show. are you going to win this one? >> thank you, melissa. great to be with you. melissa: how are you going to win this one? >> the best part it is really a bipartisan effort. we had great support both with democrats and republican in congress. we think it is a reasonable bipartisan effort that the president can do now that the election is over. melissa: really? so you think he is basically
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your only foe here? >> well, foe, yes. we think that his efforts certainly could make a huge difference. we were awarded this sale back in march of 2010. the president, president obama awarded this sale to virginia. and unfortunately after the bp spill in april our initially spost pond and eventually canceled. what we're trying to do is reinstate the sale. melissa: how much oil do you think we're talking about here? what have the estimates been like and how much revenue does it mean to you? >> well the estimates which are actually 30 years old, the seismic was done 30 years ago estimate there is 3.3 billion barrels of oil and over 31 trillion cubic feet of gas off of virginia. these typically these estimates are overproduced when they're actually developed. melissa: right. >> we think there is substantial amount out there.
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and according to estimates, 31,000 jobs could be created by exploring that area. so we think it is good for the economy. it is good for tax revenue. and it is something the president could do. melissa: i mean i followed this industry for a long time. whenever they do estimates like that they're always very conservative. there is always a lot more out there than what they're actually saying. but at the same time, i mean, the president has been a big foe of drilling on public lands. he likes to say how much drill is being up but that is private drilling. he blocked the keystone pipeline when you know, there were that would have meant a lot of jobs and a lot of oil and lower gas prices for everyone. i feel like he is not going to be in your corner on this one. what are you going to do about that? what is your most persuasive argument? and what's your plan if he stands in the way? >> well there is a five-year plan in place, that the interior department has issued. there are thousands of
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offshore wells being developed right now in the gulf and in alaska. so this is not an unusual activity. so the outer continental shelf is there to help us produce energy. there's huge demand for energy in the future. the u.s., the international energy agency just produced a report this week that said that the u.s. is poised to become a major supplier of oil and gas. so again, all around the arguments are in favor of developing this resource. melissa: at the same time, this is really tough day to be talking about this. the bp disaster is back in the news. we have seen the video all over because they have, of course, come to a settlement. billions of dollars the company has to pay because of everything that went wrong and people always point at that disaster. you know, and what it did to the surrounding environment. there it is right there. they point to this and say, this is why you can't go drill offshore. what do you say to that? >> well, it's, of course the
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bp, deepwater horizon accident was a horrible tragedy in human and environmental terms but huge gains have been put in place since the disaster both at the federal level with regulators as well as with the industry. so really the technology, safety technology has improved greatly. and so we think again there are thousands of these wellses running today without a problem. so that's the type of thing we can do off of virginia. melissa: what companies have contacted you about going out there and drilling? is bp among them? >> we have had a number of companies indicate interest but unfortunately i'm not at liberty to say who. melissa: okay. so how do you, tell me, from a practical point of view, real quick, before we go, how do you keep that explosion from happening in your neck of the woods? >> well, again, the industry itself has developed a whole new company that is there and designed to increase the amount of safety on all of
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these rigs. so the amount of the advances in technology as well as the advances in regulation --. melissa: people don't trust the industry. do you trust the industry? >> i do. i mean, you can see what's happened to bp. no company wants that to happen to them. melissa: okay. >> so it definitely something we can do. >> well we're going to follow this very closely. thanks for coming on the show. >> thanks, melissa. melissa: time now for the fuel gauge report. bp pleading guilty, we were just talking about, to 11 felony charges over the 2010 gulf oil spill. the company will pay $4.5 billion in penalties including 1.26 billion in criminal fines to settle charges with the justice department. economic concerns and the rising crude inventories weighed down oil prices. crude fell about 1% settling at 85.45 a barrel. natural gas prices slipped off a one-year high. a smaller than expected drop in inventories september natural gas down about 1 1/2%.
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all right. up next, shockwaves across the middle east as the battle between israel and hamas forces intensifies. we have details on how far they could go. plus, i just can't take it anymore. no one is will tock give a straight answer on the cuts that we would support on the news call cliff. y'all tweeted me about this. we come up with our own "money" solutions. i will solve the problem. piles of money and solutions coming up. what's next?
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hit with rockets. with the strait of hormuz and sue west canal dangerously close to the fighting we need to be concerned about our energy supply of the as israel's ally, what does it mean for our national security? mike barrett of diligent innovations joins me now to answer all of these questions that we laid out for you right there. first of all, i mean, what do you think of israel's attack on hamas's military leader? what do you make of all this? >> one of the things here israel strategically to make people know they're serious and strong and they're not weakened by the fact that obama was reelected. there a awful lot of reports in the press and people on both sides of the israeli conflict can read the articles, discussion how a second term obama administration might behave that would open it up for israel to feel they need to strike quickly after the election and sort of punch first. i think that is part of what it is. frankly the israeli haves a track record. when they find somebody they have been looking for they
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take him out. melissa: where do we go from here? seems like it has really taken the whole thing up a notch? >> it has. it has gone up several notches. when i got up this morning reading through the news i wasn't concerned about it. i thought this would be classic couple of a day flare-up. over the course of the day events got more significant. much larger rocket that has been used in the past got fired against tel aviv you mentioned. first time in 20 years you heard air raid sirens, israeli citizens in a major city having to take shelter. this is very different than the usual rockets. there were, 300 usual small, kitush rockets. they're small. with 300 launched only three people died. with bigger rockets that have longer range you're talking about serious weaponry. israel will really strike back hard against that. melissa: it looked throughout the day like some corner has been turned here towards the more violent.
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how does this affect our security, do you think? why should we be focused on this? >> sure. people in the region tend not to differentiate between americans and israelis. they talk about the small satan and great satan. they think we're locked together. we tend to laugh here in the u.s. but we know i had it is ridiculous. you hear phrases zionist entity that and that 9/11 carried out by israel and no jews were in the world trade center. those ridiculous things. you talk about a lot of world where the people really believe about that stuff. what the culture believes about u.s. and israel and we're in a plot to take over the world. melissa: you think this puts us more at risk or signifies we are more at risk? >> certainly western interests will be at risk. what you will see frankly our diplomatic locations will be at risk. americans on travel. we see this every time that there's a flare-up like this. you have a u.s. tourist in place like tee egypt who might get kidnapped.
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as individuals and citizens traveling abroad we have to increase our security. of course the other thing we talk about when you talk about the middle east is the oil supplies. melissa: right. a third of the world's oil comes from this region. at the same time egypt's relationship with israel has gotten worse it seems. is that accurate? they're we're talking about the suez canal. we're not just talking about oil. we're talking about all kinds of trade. >> no, exactly, that is exactly the point. egypt is critical to this. there is a reason we spent decades in, you know, worked so hard, the u.s., to create the camp david accords back in the 1979 and that we spent billions of dollars each and every year giving money to israelis and egyp shuns to keep that in place. egypt is strategic culturally throughout the region and just physically. the suez canal is major, major arterry for trade. you also have a lot of pipelines and other ways that oil moves around in that region. if egypt decides to go ahead and break with israel and use this as a pretext to do so i think you will have a
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very different map in the middle east. melissa: mike barrett, thanks for joining us i think that was terrifying but thank you. >> all right, melissa. melissa: sit down and buckle up. after hearing nothing but chatter from lawmakers how to deal with the fiscal cliff, "money" has taken matters into our own hands. we'll go through the solutions. we'll solve this problem at least part of it with one of my favorite economists. at the end of the day it is all about solutions! having you ship my gifts couldn't be easier.
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melissa: forget congress fixing the fiscal cliff fiasco, who could possibly say that? here at "money" we have it under control. if no one will step up with a solution we'll get started with our own answers where to start with, spending cuts! joining me to go through the ideas, brian wesbury, chief economist at first trust advisors. brian, thanks so much for coming back on the show. >> good to be with you, melissa. melissa: i'm so sick people coming on saying what the other guy is going to give and not having a solution that i said, you know what? let's roll up our sleeves and come up with solutions. >> sure. melissa: what we're talking
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about raising taxes we haven't drilled down on the possible spending cuts out there. for example, senator coburn put out a report showing $67.9 billion can be saved over the next 10 years by cutting non-defense, defense spending. among those things, it was a huge report. more than 400 pages filled with all kind of stuff. some examples were a smartphone app that alerts users when to take their coffee breaks. i feel like these are things we could be cutting. what do you think? >> hey, well, look, the federal government is the spending 3.6 or $7 trillion and if you can't find wastt, abuse, if you can't find a trillion dollars to cut that would not have a major impact on the economy i would be shocked. melissa: yeah. >> so this is just an example of it. i don't spend my day combing through the federal budget looking for those kinds of things. but we know they exist. and so, you know, that's one
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of the key things here. that government spending, federal spending, is well over 22, 23% of gdp right now. this is a really damaging thing. it is weighing down on our economy. it is the reason we're not growing. so i'm with you. let's find those things and cut them. melissa: it is not a revenue problem necessarily. it is a spending problem. at home, if your home budget is out of control and you're spending beyond your means the first thing you do is tighten your belt. then maybe you go out to get extra job. first thing you do is tighten your belt. drill down on other ones. i couldn't believe this one. we could be saving at least $100 million. i think number is actually a lot bigger because professional sport teams are actually non-profits? did you know that? the nfl a nonprofit. national hockey league. they're exempt from federal income taxes. this is one of those things, i was very shocked by this because we're tracking about raising taxes on regular folks. why don't we start with
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these guys? >> yeah. well there are two points i would make here. number one, if you added up all the lobbyists in washington, d.c. and sort of added all of their revenue together, they would be, combined one of the largest corporations in america. they get paid to find and carve out these special tax breaks, special spending, special subsidy sis, in the budget that's what they're there for. it is a huge industry. they don't want to go away. melissa: no. >> if you want to argue, if you want to argue that corporations are strong with, you know, and they run america which is what we hear from a lot of people out there, the lobbyists are a massive entity. melissa: they are. and i want to get to some of our other ideas before we run out of time. i love the post office but we could save billions if we stop saturday delivery. it could be $5.2 billion by
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2020. we also are spending some money on research that i'm not sure we need to do. it is only $547,000 but we are financing the research of dancing robots for iphones. i think we have a picture of them there. i know it is only a drop in the bucket but i feel like before any of us go ahead and pay more tax, before anybody pays another dollar in tax. they look great. we're looking at them on the screen. i feel like i don't need tax dollars making sansing robots for an ipod or whatever that is, an iphone. i don't have an iphone. so i don't need a robot for it. >> exactly. from a economic perspective, we, the united states has never balanced its budget when pend spending, federal spending is over 19.5% of gdp we are way over that. there is no tax system that
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we have ever devised in all of our history, 90% tax rates, 70%, 50, 28, it doesn't matter, no tax system the u.s. ever had that raised that much revenue. melissa: yee. >> we can't possibly balance our budget when they spend this much. clearly when you're spending 3.6 trillion there is going to be waste, fraud and abuse. we need to carve out everyone with these things you pointed to. melissa: like we would all do at our homes. this is household problem. that's what we would do. brian wesbury you're the voice of sanity. come back again. it will be up to you and me. >> i'm with you. >> when you're on a book tour you've got to be ready to do just about anything. including eating bugs on live television. so did i chow down or wimp out? there's a lot of controversy about that. we're going to talk about it. the answer is coming up next. you can never have too much money or too many fried
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grasshoppers. i'm a conservative investor.
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call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than all other networks combined. melissa: all right. it is time for spare change. today we've got attorney mercedes colwin and our david asman. thanks for coming on. i went on local fox 5, to
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promight my book, diary of a stage mortgage's daughter? have you heard about this? have i tried to sell it to you yet? have you not bought it? what else did i do? you've got to see this. i stuck around for a bug shot and a i ate a bug. >> oh, my god. did you keep it down? melissa: this is how desperate i am to sell the book. oh! that is a giant fried grasshopper. he ate the whole entire thing. i as you can see almost died. now you say this like you're a big bug eater. >> [speaking spanish] i used to work in mexico. that is grasshopper in spanish. and they eat it all the time. put them in tacos. it looked like a shish-kabob. melissa: it was sitting on a shish-kabob. >> we still like you even though you ate a grass hopper. they're great.
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it is great protein. they're great protein. they're tasty and crunchy. melissa: i have felt horrible all day i got to tell you. >> probably healthier from that you would be from eating at mcdonald's. melissa: i feel awful. mercedes, you're with me, right? >> be adventuresome. >> 100%. melissa: good for you for going for it. melissa: when they invite you on to hawk your book you have to do whatever you can. i have to prove to my publisher i'm doing the best they can. they had coleslaw mixed with cockroaches. >> no cook laches. no. >> essen to be that was a dangling. it was really, it was wild. >> the new york times best seller. >> i know. have not been feeling well all
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day. moving on the bases is getting a lot of pressure. that clothing line after he tweeted about the election. even a petition that has a 50,000 signatures. it is not dumping, and that companies connection does not count as an endorsement of his belief. >> always had an uneasy relationship with new york liberals. they all want to live like him. all the yorkers want to live like him, but they feel guilty about it. they have to protest publicly. we really don't like the guy. >> if he wants to add tweet whenever his beliefs are, good for him in good for macy's. the client. they supported the first amendment. let him say what he wants to say. melissa: if you don't agree with what he has to segment of buy his products. >> very simple.
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melissa: or boy cut macy's altogether. don't go shop there and eventually macy's if enough people don't show up. >> they are caught in a bind. everybody wants to be trump. everybody wants to live like trump and everybody likes to be a bunch from. >> to put his name on the building, on a product, it will sell. it is big. it is huge. melissa: they make money. at the end of the day it's all about "money." superstar standee. a brooklyn pot dealer is donating half of his proceeds from today's to victims in the rockaways in new york city. $700. that's it? so far he has bought 50 will blankets to go to those who still don't have power. what do you think? >> is from of gotten gains, i get all that, but he is giving the money to those who really needed. >> all done. this story comes from the huffington post.
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the dealer claims. the brooklyn dealer says. you have to buy this guy's argument. pablo escobar used to do the same thing. i helped the poor people. there's count. these guys are scum, and they live off the weakness of other people. it will say anything. i don't believe it. melissa: i want to end on a happy note. >> please. melissa: israel has bonds with finesse -- bomb sniffing weapons you step inside a little booth. you get hit by a gentle blast of air. it is sucked into a small chamber. the mice are on duty. if you are clear a green light appears, but if there is something suspicious together a reporting and partner which raises an alarm. >> how do you train mice? how do you train nice to do this? melissa: what i love, you go into these machines. there is all this complicated machinery. it's just a bunch of little mice. >> as long as i

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